January 21, 2020
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    Gazette issued banning re-export of spices & allied products

    December 06, 2019

    A Gazette notification has been issued prohibiting the re-export of key spices and allies products from Sri Lanka, with immediate effect.The Ministry of Finance, issuing a release yesterday (05), said no approval will be granted under the Finance Act-Commercial Hub Regulations of Sri Lanka to engage in entrepot and provision of logistic services to any re-export business or transshipment related to key local spices and allied products.

    Accordingly re-export of pepper, areca-nut, nutmeg/mace, tamarind, cinnamon, clove, ginger, turmeric and cardamom will be barred hereafter.The Ministry’s release further mentioned that the re-export of garbage, processing of garbage or recourse recycling business will also be prohibited by a Gazette notification

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